USE THIS SIMPLE TRICK IN TRENDING MARKETS TO KNOW WHEN TO TAKE PROFITS

(and when to stay out of ranging markets)

Taking profits too early can be detrimental to your trading success because it can prevent you from fully realizing the potential gains of your position. When you sell your position too soon, you miss out on the opportunity for it to continue to grow and potentially earn more . Additionally, if you find yourself frequently taking profits too early, this can disrupt your overall trading strategy, causing you to make impulsive decisions based on short-term market fluctuations.. It is important to have a strategy and to stick to it, rather than getting caught up in short-term market fluctuations and making impulsive decisions to sell (watching your PnL).

Use this strategy in every trending market, up or down: